Global market for liver disease diagnostics at $62.6 billion
Portland, OR, Nov. 03, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the Liver Disease Diagnostics Market generated $34.5 billion in 2021 and is expected to reach $62.6 billion by 2031, growing at a CAGR of 6.1% from 2022 to 2031. changing market trends, market size and estimates, value chain, key investment pockets, drivers and opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, early adopters and stockholders in introducing necessary strategies for the future and taking essential actions to significantly strengthen and increase their position in the market.
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Report coverage and details:
|Market size in 2031||$62.6 billion|
|Number of pages in the report||203|
|Segments Covered||Technique, end use and region.|
|Drivers||Increase in unhealthy lifestyles in people|
|Increased alcohol consumption|
|Opportunities||Increase in demand for minimally invasive diagnostic procedure for diagnosis of liver diseases|
|Increase in smoking habits in people|
|holds back||Exorbitant cost of treatment|
- The COVID-19 outbreak has negatively impacted the growth of the global liver disease diagnostics market, owing to the prevalence of lockdowns in various countries around the world.
- Lockdowns have resulted in increased focus and reliance on COVID-19 infected patients due to the disease’s high mortality rate. Thus, diagnostic treatments for liver disease have either been postponed or canceled due to the increase in coronavirus cases.
- Apart from this, the COVID-19 pandemic has led to increased awareness of physical, mental and emotional health. This, in turn, has increased awareness of liver disease diagnosis and increased regular check-ups using liver disease diagnostics. Thus, such development is expected to bring stabilization and boost the growth of the liver disease diagnostics market over the forecast period.
The report offers a detailed segmentation of the global liver disease diagnostics market on the basis of technique, end-use, and region. The report provides a comprehensive analysis of each segment and their respective sub-segment using graphical and tabular representation. This analysis can essentially help market players, investors and new entrants to determine and design strategies based on the fastest growing and highest revenue generating segments mentioned in the report.
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Based on the technique, the imaging segment held the largest market share in 2021, holding more than two-fifths of the global market, and is expected to maintain its leading status during the forecast period. The laboratory testing segment, on the other hand, is expected to quote the fastest CAGR of 6.6% during the forecast period.
Based on end-use, the hospital segment held the dominant market share in 2021, holding more than two-fifths of the global market, and is expected to maintain its leading status during the forecast period. The laboratory segment, on the other hand, is expected to quote the fastest CAGR of 6.6% during the forecast period.
According to the region, the North American market held the lion’s share in 2021, holding more than two-fifths of the global market, and is expected to maintain its leading status during the forecast period. The Asia-Pacific region, on the other hand, is expected to quote the fastest CAGR of 8.3% during the forecast period. The report also analyzed other market regions such as Europe and LAMEA.
Key players analyzed in the Global Liver Disease Diagnostics Market report include Abbott Laboratories, Bio-Rad Laboratories Inc., Cosara Diagnostics Pvt Ltd, Echosens, Meril Life Sciences Pvt. Ltd., PerkinElmer, Qiagen NV, Siemens AG, Thermo Fisher Scientific Inc., Trivitron Healthcare.
The report analyzes these key players of the global liver disease diagnostics market. These market players have effectively used strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is useful for analyzing recent developments, product portfolio, business performance, and operating segments of major market players.
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